4 & 5 Star
3 Star
1 & 2 Star
Market
Vacancy Change (YOY)
Net Absorption SF
Deliveries SF
Rent Growth
Sales Volume
12,064,969
17,959,848
15,651,158
45,675,975
1.4%
(137 K)
663 K
1.8%
$201 M
5.7%
7.6%
8.1%
7.3%
8.1%
426,876
483,229
0.7%
$149.2M
$27.89
$21.47
$14.68
$20.99
7.2%
620,872
929,202
0.8%
N/A
7.7%
11.0%
9.9%
9.7%
12.2%
1,721,232
1,331,444
5.1%
$363.2M
(13,855)
(62,210)
(142,099)
(218,164)
2007 Q2
2010 Q2
2010 Q2
2016 Q1
2014 Q1
0
86,000
0
86,000
5.1%
(99,940)
64,294
-4.2%
$11M
975,000
583,513
0
1,558,513
2018 Q2
2009 Q2
2012 Q2
2011 Q1
2008 Q1
Current Quarter
Annual Trends
RBA
12-Month
Vacancy Rate
Historical Avg.
Market Rent
Forecast Avg.
Availability Rate
Peak When
Net Absorption SF Deliveries SF
Trough When
Under Construction
KEY INDICATORS
NET ABSORPTION, NET DELIVERIES & VACANCY
Q2 OFFICE MARKET REPORTSource: Co-Star Office Market Report
Of the 200,000 SF of negative absorption, over 135,000 SF is newly-constructed and never before occupied space. In our opinion, this paints a slightly more negative impression of the market than what actually exists.
OMNE Partners and the rest of the CRE industry will be closely-monitoring how office users occupy space going forward. Generally, there are two schools-of-thought facing companies as they consider how they will occupy space going forward.
First, with more than 30% of the entire US workforce having been asked to work from home, there is an increased comfort level on the part of both employee and employer in a work-from-home setting.
Second, and directly in opposition to the former, people will likely require more physical separation within their personal office space to feel safe and healthy within their office footprint. Could COVID-19 have a net neutral impact on the amount of space companies occupy?”
13340 California Street STE 100, Omaha, NE 68154 | 402 697 8899 | omnepartners.com
PROPERTIES UNDER CONSTRUCTION
SALES VOLUME & MARKET SALE PRICE PSF
15 1,558,513 3.4% 79.2%
Properties Square Feet Percent of Inventory Preleased
MARKET RENT PER SQUARE FEET
13340 California Street, STE 100Omaha, NE 68154
402 697 8899omnepartners.com
Marc Siemers402 505 [email protected]